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Founded in 1988 as the venture capital unit of France Télécom, Innovacom has established itself as a prominent player in the venture capital landscape. Based in France, the firm transitioned to operate independently following its merger with Turenne Capital in 2018. With a fund size of $140 million, Innovacom has a rich history of investing in technological innovation, having deployed over €1 billion across hundreds of startups in the digital economy. The firm is recognized for its collaborative approach, providing both financial backing and strategic guidance to entrepreneurs. Innovacom's reputation as one of Europe’s oldest VC firms is bolstered by its extensive network and expertise, particularly in deep tech and digital transformation. The firm focuses on creating significant financial and strategic value through its investments, aiming to support startups that can sustainably transform their respective markets.
Innovacom invests in early-stage and growth-stage startups across a diverse range of sectors, including artificial intelligence, climate technology, healthcare, energy, industrial innovation, fintech, biotech, commerce, and telecommunications. The firm typically writes checks ranging from $1 million to $5 million, targeting ambitious entrepreneurs who are driving technological innovation. Innovacom is particularly interested in startups that are positioned to participate in the digital revolution and contribute to the transformation of French and European industries. The firm emphasizes investments in deep tech and digital transformation, seeking out innovations that can create lasting impact and value. By leveraging its heritage in telecommunications, Innovacom is well-equipped to identify and support companies that are at the forefront of connectivity and digital infrastructure.
Innovacom boasts a diverse portfolio of over 100 companies, showcasing its commitment to supporting innovative startups across various sectors. Notable investments include CAILabs, which specializes in optical technologies; Cozy Cloud, offering personal cloud solutions; G²Mobility, focused on electric vehicle solutions; MicroEJ, known for embedded software for IoT; Olea Medical, which develops medical imaging technologies; and Wingly, a platform for sharing flight seats. The firm has a history of successful exits and continues to actively invest in promising startups, with recent investments including Mycophyto, Greenwaves Technologies, and AI Verse. Innovacom's extensive portfolio reflects its strategic focus on deep tech and its ability to identify high-potential companies that are poised for growth.
Founders interested in pitching to Innovacom should prepare a detailed pitch deck that outlines their business model and growth strategy. While specific submission guidelines are not provided, a well-structured presentation is essential. Innovacom values innovative ideas and ambitious entrepreneurs, so highlighting these aspects in the pitch will be beneficial.
Innovacom has been active in the investment landscape, with recent notable deals including a €28.6 million investment in Mycophyto in January 2026, alongside partners such as Bpifrance and BNP Paribas. The firm also led a €2.5 million round for AI Verse, focusing on synthetic data AI, and participated in a €20 million round for Greenwaves Technologies. These investments reflect Innovacom's commitment to supporting deep tech and climate innovation.
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